Canadian National Railway (NYSE:CNI) Hits New 12-Month Low - Time to Sell?

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $107.09 and last traded at $107.09, with a volume of 35020 shares trading hands. The stock had previously closed at $108.53.

Analysts Set New Price Targets

Several equities research analysts recently commented on CNI shares. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. The Goldman Sachs Group cut their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, Susquehanna dropped their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.48.

Canadian National Railway Price Performance

The company has a market capitalization of $67.27 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company's 50 day simple moving average is $113.69 and its 200 day simple moving average is $117.47.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. As a group, sell-side analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway's dividend payout ratio is presently 39.90%.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of CNI. Grove Bank & Trust raised its stake in shares of Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock worth $86,000 after buying an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company's stock worth $547,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company's stock worth $1,105,000 after acquiring an additional 102 shares in the last quarter. Blue Trust Inc. lifted its position in Canadian National Railway by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company's stock worth $77,000 after acquiring an additional 105 shares in the last quarter. Finally, Doheny Asset Management CA lifted its position in Canadian National Railway by 3.8% during the 2nd quarter. Doheny Asset Management CA now owns 3,000 shares of the transportation company's stock worth $354,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.